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When foreign direct investment is good for development: Bulgaria’s accession, industrial restructuring and regional FDI

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This article examines the dynamic between the process of Bulgaria’s European Union accession and the flow of Foreign Direct Investments to the country in its industrial base. A critical differentiation between speculative and non-speculative FDI is drawn while determining that the geographic origin of investments matters. Greek FDI, in particular, emerges as a major source of strategic regional investments in Bulgaria’s industry highlighting the significance of regional trade and cooperation for the long-term economic outlook not only for the host country but also for the region by enhancing the area of economic progress and development.

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en

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application/pdf

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http://eprints.lse.ac.uk/27673/1/GreeSE_No33_%28LSERO%29.pdf

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